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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 490 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  2. 2.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  3. 3.One cup of lemonade costs ₹44 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “the price you sell at” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.It costs ₹36 to make one jute bag. On the last day Joseph sells it for only ₹29. How much is the loss on one (in ₹)?
  7. 7.Ishaan makes 12 painted pebbles at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  8. 8.True or false: “the price on your board” is the selling price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.Nisha makes 29 cupcakes at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.It costs ₹59 to make one fruit cup. On the last day Dev sells it for only ₹51. How much is the loss on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.Gurpreet makes 21 friendship bands at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  17. 17.One bag of popcorn costs Dev ₹32 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One cup of lemonade costs Kabir ₹16 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.One glass of chai costs Rohan ₹31 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.Saanvi makes 27 painted pebbles at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  22. 22.Diya makes 6 potted plants at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  23. 23.It costs ₹39 to make one painted pebble. Aarav sells it for ₹51. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.It costs ₹36 to make one fruit cup. Aarav sells it for ₹37. What is the profit on one (in ₹)?
  26. 26.True or false: “money got from a sale” is the selling price. (a) False (b) True
  27. 27.Joseph makes 24 friendship bands at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  28. 28.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  29. 29.Farhan makes 13 clay diyas at a cost of ₹35 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  30. 30.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  31. 31.One cupcake costs ₹21 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹26 to make one bag of popcorn. On the last day Ishaan sells it for only ₹21. How much is the loss on one (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  34. 34.Farhan makes 12 cupcakes at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  35. 35.One painted pebble costs ₹50 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹42 to make one glass of chai. Rohan sells it for ₹49. What is the profit on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) False (b) True
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  39. 39.It costs ₹56 to make one painted pebble. Nisha sells it for ₹73. What is the profit on one (in ₹)?
  40. 40.Meera makes 28 paper bookmarks at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?

Answer key

  1. what the buyer pays
  2. what it cost you
  3. 56
  4. False
  5. cost price
  6. 7
  7. 72
  8. True
  9. cost price
  10. selling price
  11. selling price
  12. 290
  13. False
  14. 8
  15. False
  16. 105
  17. Loss
  18. Profit
  19. False
  20. Profit
  21. 108
  22. 42
  23. 12
  24. cost price
  25. 1
  26. True
  27. 168
  28. SP more than CP
  29. 195
  30. SP less than CP
  31. 36
  32. 5
  33. False
  34. 132
  35. 55
  36. 7
  37. True
  38. selling price
  39. 17
  40. 112

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